Christopher P. Comparato - 31 May 2024 Form 4 Insider Report for Toast, Inc. (TOST)

Role
Director
Signature
/s/ Monica Kleinman, as Attorney-in-Fact for Christopher P. Comparato
Issuer symbol
TOST
Transactions as of
31 May 2024
Net transactions value
$0
Form type
4
Filing time
04 Jun 2024, 16:38:35 UTC
Previous filing
03 May 2024
Next filing
10 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TOST Class A Common Stock 97,762 31 May 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TOST Stock Option (Right to Buy) Other $0 -790,000 -55% $0.000000 635,000 31 May 2024 Class B Common Stock 790,000 $1.52 Direct F1, F2, F3
transaction TOST Stock Option (Right to Buy) Other $0 +790,000 $0.000000 790,000 31 May 2024 Class A Common Stock 790,000 $1.52 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the voluntary conversion of Class B Common Stock on a one-for-one basis.
F2 In connection with the voluntary conversion described in footnote 1, the outstanding options to purchase shares of Class B Common Stock remain unchanged, except that they now represent the option to purchase Class A Common Stock.
F3 The shares subject to this option are fully vested and exercisable as of the date hereof.

Remarks:

As of the date of this Form 4, the Reporting Person also owns an aggregate of 9,008,280 shares of Class B common stock of the Issuer. Each Class B common stock is convertible at any time into one share of the Class A common stock of the Issuer.